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News Release

YALETOWN ENTERTAINMENT CORP.
407 - 535 Howe Street,
Vancouver, B. C. V6C 2Z4
Tel: (604) 688-0118
Fax: (604) 688-3348
CUSIP# 984909101
Rule 12g3-2(b)# 82-4336
 
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May 28, 1996 A.S.E Trading Symbol: YAL
 
A.S.E. APPROVES INVESTOR RELATIONS AGREEMENT
 
Further to its news release of May 17, 1996 Yaletown Entertainment Corp. announces that Alberta Stock Exchange has approved its investor relations agreement with Cascade Financial Corporation .
 
For further information, please contact Mr. John Cumming, Chief Executive Officer, at (604) 688- 0118.
 
John C. R. Cumming, Director, Chairman & C.E.O.

 
THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS OF THIS PRESS RELEASE.
 
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Yaletown Entertainment Corporation, Vancouver B.C. Canada
tel: (604) 669-3543 - Executive/Production Offices
Canadian Venture Exchange: ECY